Confirming Tax Abatement - Lindenwood, South, Hill, Kalorama, Jefferson, Liston, St. Louis, Howard St. - Garden Homes

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CITY OF .SOUTH BEND, INDIANA PETTITION FOR RESIDENTIAL REAL PROPERTY TAX ABATEMENT The undersigned owner of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for Residential Real Property Tax Abatement consideration and pursuant to Indiana Code.,6-1,1-12.1-1, et seq., and South Bend Municipal Code Sec 2- 76 et seq., for this petition states the following: 1. Describe the proposed construction project, including information about square footage, number of rooms, amenities, the amount of land to be used, and the proposed use of the improvements, and a general statement as to the importance of the project: Garden Homes intends to construct new three bedroom, five room homes of 1,036 to 1,200 sq/ft, on a full 8'insulated basement. Homes will have a 12' x 21' attached garage, vinyl siding, stove, dishwasher, and vent hood and garbage disposal. The homes will be built on a minimum of a 40' x 120' lot that will be seeded upon completion of the home . The cost of the homes will be in the low one hundred thousand dollar range. The importance of this project to the city and the residence of the city is that we will be building affordable homes on infill lots in the City of South Bend. 2. Estimate the dollar value of the redevelopment project: $1,900,000 to $2,300,000 3. The real property for which tax abatement consideration is petitioned is owned or to be owned by the following individuals or corporations: Madison Center Inc a 403 East Madison Street South Bend, IN 46617 Garden Homes Inc. 17874 State Road 23 South Bend, IN 46635 South Bend Heritage Foundation 805 Lincoln Way West South Bend, IN 46601